Restructuring Home Loans Foremost In Mass AG's Mind When Zero-ing In On Lawsuit Targets

In Boston, Massachusetts, Reuters reports:

• From suing one subprime-mortgage lender for unfairly targeting blacks to ordering another to halt all foreclosures, Massachusetts is at the heart of a state-led assault on America's predatory lenders.

• At the center of the first-in-the-nation litigation is a career prosecutor sworn in last year as the state's first female attorney general, Martha Coakley, who said she was considering more lawsuits aimed at holding subprime lenders accountable.

• But as subprime lenders face growing anger and litigation across the United States, she cautioned that courts are not always the answer. "One of the things we keep in mind is: Do we sue or do we try and negotiate something in the meantime? Because the biggest problem right now is trying to get the attention of the lenders and brokers to try and restructure as many mortgages as possible," she told Reuters in an interview.

For more, see To sue or not to sue? Top attorney eyes banks.